7, FRANKLIN CLOSE, WYTHALL, BIRMINGHAM, B47 6AL - £410,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 FRANKLIN CLOSE is a small detached house of 114m², built sometime from 2012 onwards, which could now be worth an estimated £521,283. It was last sold for £410,000 in August 2017, which was about the average August 2017 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

7 FRANKLIN CLOSE Sold Prices

Land registry data shows two sales for 7 FRANKLIN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. One of the two 7 FRANKLIN CLOSE sales was roughly equal to the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 8 AUG	£410,000	£410,416	Close to HPI
2013 5 AUG	£335,495	£307,910	9% above HPI

7 FRANKLIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The two 7 FRANKLIN CLOSE sales from August 2013 and August 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2013 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2017 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 FRANKLIN CLOSE be worth now?

7 FRANKLIN CLOSE might now be worth an estimated £521,283.

This is based on house price inflation of 27.1%, between August 2017 and April 2026, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.1% inflationary increase is applied to the most recent sale price for 7 FRANKLIN CLOSE of £410,000 on 8th August 2017. For the value to have increased from £410,000 to £521,283 over the nine years and four months to April 2026, the following assumptions must hold true:

• The value of 7 FRANKLIN CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The August 2017 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FRANKLIN CLOSE has not materially changed since August 2017.

How Large is 7 FRANKLIN CLOSE?

7 FRANKLIN CLOSE is 114m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses houses in Wythall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wythall, and where 7 FRANKLIN CLOSE lies on this distribution: 37% of detached houses houses are smaller than 7 FRANKLIN CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Wythall.

7 FRANKLIN CLOSE: Plot and Title Map

7 FRANKLIN CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 7 FRANKLIN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 FRANKLIN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 FRANKLIN CLOSE?

7 FRANKLIN CLOSE is located in WYTHALL, in the B47 postcode district. The below map shows the position of No. 7 on FRANKLIN CLOSE.